According to many Florida Business Brokers, the coming year is shaping up to be an exciting year for both Buyers and Sellers of Florida businesses. Many companies have just finished up a fantastic year of increasing sales & profits and the future for buying or selling a Florida business is looking bright. So what are the best industries for buying a Florida business in the coming year?
The service industry continues to rank #1 in most parts of Florida, as many service type businesses can purchased with minimal risk and the need is always in demand. Companies such as pool service businesses for sale, cleaning companies for sale, lawn services for sale continue to be tried and true business opportunities because of the ease of operation and the consistent cash flow. The increasing population of baby boomers that continue to migrate to Florida and the ever-aging Florida population manage to keep the demand for service up. When buying a Florida business, the service sector can offer some excellent opportunities.
Restaurant and Hospitality
For the novice buying a Florida restaurant can be a shaky proposition but for an experienced restaurateur, owning a Florida restaurant can be a dream come true. Just as with the other service sectors in Florida, buying a Florida restaurant can be a very smart move. According to some information release by the National Restaurant Association, Florida’s restaurants will be busier this year as the industry is expecting to top the previous years sales and the sales of full service restaurants are projected to reach a record high of $28.7 billion by 2024. It is numbers like that which make buying a Florida restaurant for sale an ideal opportunity. Restaurant franchises can also offer a good opportunity for buyers looking for a restaurant with a proven concept.
The construction industry is once again rising to the top of the list for Florida business for sale opportunities. After a few years of struggling a decade or so ago, many construction businesses for sale have rebounded nicely and are once again producing record numbers. Buyers are able to great value in construction acquisitions, as many companies are now producing record profits and providing Buyers with a great return on their investments. According to several Florida Business Brokers, buying a construction company now offers an opportunity to “strike while the iron is hot”. According to an annual survey released by the Association of General Contractors of America last year 46 percent of the construction companies surveyed added workers. Lack of skilled workers continues to be a challenge for some construction companies, but those with the skilled workers that can get the job done will make excellent business acquisition targets this year. If buying a Florida business this year is among your goals, careful consideration, and finding a business in the right industry will be critical to your success. The best way to get started with buying or selling any business is to contact a licensed Florida Business Brokers or search Florida Business for Sale here.
Although not for everyone one other industry worth mentioning in Florida is the agricultural industry. Florida with it’s warm tropical climate is a great place for plants to grow and many of the nursery businesses in Florida are highly successful.
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